Topic: Money laundering

Hoskins case wraps up as DOJ quietly drops en-banc review

The near decade-long case against former Alstom executive Lawrence Hoskins has left an indelible mark on US foreign bribery enforcement.

15 November 2022

Dutch challenger bank wins legal fight over “innovative” AML checks

“Determining the effectiveness of anti-money laundering systems should be about the outcome, not how the organisation got there,” said a lawyer who helped Bunq win a landmark victory against a Dutch financial regulator.

10 November 2022

Singapore, US offer conflicting accounts on status of alleged North Korea sanctions evader

Featured in Investigator's Guide to Singapore

When the US State Department asked the public for information on Kwek Kee Seng, a Singaporean national accused of evading sanctions to provide oil to North Korea, the Singapore Police Force responded a couple of days later with good news: they know where he is and they have his passport.

09 November 2022

UBS searched in Russian oligarch investigation in Germany

Frankfurt prosecutors carried out raids as part of an investigation into a sanctioned Russian businessman whose homes were searched by Munich prosecutors in a separate probe in September.

08 November 2022

Austrac orders AML audits at two betting companies

03 November 2022

UK legal regulator ramps up anti-money laundering enforcement

The enforcement uptick at the Solicitors Regulation Authority comes as the UK government proposes handing the agency powers to issue unlimited fines.

28 October 2022

Danske Bank puts aside $2bn to resolve money laundering probe

27 October 2022

Former Bolivian official pleads guilty to laundering proceeds of bribery

The former minister of the government of Bolivia illegally helped a military and police gear supplier earn a contract to provide the country with tear gas and other non-lethal equipment.

21 October 2022

Mark Steward to hang up his boots at the FCA

The head of enforcement at the UK’s financial regulator will step down early next year after seven years at the agency.

18 October 2022

Star Entertainment to pay A$100m for AML failures at Sydney casino

Australia’s gambling regulator has fined Star Entertainment and appointed a supervisor following a review that laid bare the “shocking” breaches of anti-money laundering laws at its Sydney casino.

17 October 2022

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